Incoe Is US hot runner supplier’s expansion of German-based site just a first step?
Incoe has unveiled its new complex in Rödermark, Germany, and company management said it is prepared to follow up the €8 million investment with the addition of even more production capacity.
Speaking at the opening ceremonies at the site, Incoe President Robert Hoff said the company has taken an option on a tract adjacent to the newly plant and offices, which cover 5,200 m2. The section on reserve totals 3,100m2.
Hoff said the company expects output to ramp up at the new site, which serves Europe. “We are confident that our production will increase over time.”
He noted that with annual revenue of around €73 million, Incoe is currently one of the five largest hot runner suppliers in the world. In addition, company sales are currently “spread evenly among the main three pillars” of the US, China and Europe, according to Hoff. He also played down concerns about a flood of Chinese tooling into Europe by noting that 80% of tools made in China remain there.
European General Manager Gunnar Gramatzki noted that along with increased production, the company has also been increasing its presence in the market. Incoe has been becoming more involved in technology partnerships with toolmakers, moulding shops and OEMs. As European Marketing Manager Reinhard Kabus explained: “We want to be a partner, not just a link in the supply chain.”
Hoff said the family-owned company wishes to grow organically, a point underlined by Gramatzki: “We are not actively looking for acquisitions.”